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Methanex and Mitsui O.S.K. Lines Finalize Definitive Agreements for a Strategic Shipping Partnership

Globe Newswire - Wed Oct 27, 2021

VANCOUVER, British Columbia and TOKYO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Following a prior announcement made in mid-July 2021, Methanex Corporation (TSX:MX.TO) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) have concluded definitive agreements for Methanex and MOL to establish a strategic partnership involving Methanex’s Waterfront Shipping (WFS) subsidiary. The definitive agreements are consistent with the previously announced Key Commercial Terms (Note 1), with MOL acquiring a 40 percent minority interest for US$145 million (Note 2).


Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.